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AFX3141 - Risk identification and mitigation

6 points, SCA Band 2, 0.125 EFTSL

Undergraduate Faculty of Business and Economics

Leader: Mr Warren Gillian


Caulfield First semester 2007 (Evening)


This subject identifies the risks to be managed using a well-structured systematic process. Generic sources of risk will include inter alia: Commercial and legal relationships, economic circumstances, human behaviour, natural events, political circumstances, technology and technical issues, management activities and controls. Both qualitative and quantitative analysis will be carried out. Amongst the options for treating risk are:

  1. avoidance,
  2. reduction of the likelihood of the occurrence and/or reduction of the consequence,
  3. risk transference,
  4. risk retention.


The learning objectives of this unit are to:


Minor assignment and class work: 40%
Examination (3 hours): 60%

Contact hours

Caulfield, second semester


AFX1230, ETX2011